Sinopec sued Venezuelan National Oil Company in U.S. courts

The paper quoted by the Financial Times reported that a U.S. subsidiary of Sinopec Corp. was suing the Venezuelan State Oil Company (PDVSA) in a U.S. court.

Reported that Sinopec seeks to obtain 23.7 million US dollars plus punitive damages, because of a supply of steel in 2012 43.5 million US dollars contract, there are still half of the payment is not paid. Sinopec accused Venezuela's national oil company of using "an under-funded shell company with the sole purpose of deterring Sinopec from obtaining compensation"; that its acts "constitute deliberate distortion, deceit and conceal major facts."

The newspaper failed to contact Sinopec's lawyers for comment; Nor could it be linked to Venezuela's national oil company.